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Kia to begin EV9 production in the US by May, expects $7,500 EV tax credit eligibility by 2025

Baua Electric

Kia’s first three-row electric SUV is off to a good start. Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia currently builds the EV9 in Korea but expects to move production to the US by the end of May. The EV9 is expected to qualify for the full $7,500 tax credit by early 2025.

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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. billion EV megaplant in Georgia in October 2022.

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Rivian R2 bows: $45,000, over 300 miles, the future of the SUV?

Baua Electric

The Rivian R2 is two years away, but with the debut of an R2S in prototype form Thursday, it’s clear this electric SUV will arrive with a proposition unlike any EV yet: A boxy silhouette, rugged off-road chops, a range easily topping 300 miles, and a target price effectively below today’s average new-vehicle price, regardless of the fuel.

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Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia. Hyundai is investing $7.59

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Rivian gets $827m incentives to expand Normal, Illinois factory for R2

Baua Electric

Rivian’s Normal, Illinois plant is where it builds the R1S and R1T. But the plant is also set to produce the R2 SUV , a smaller upcoming EV which is set to release in the first half of 2026. billion in the short term due to using an existing plant instead of having to build a whole new one.

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Hyundai & SK On aims for 35 GWh battery facility for 300k EV production in the US

Teslarati

The South Korean companies invested $5 billion in Bartow Country, Georgia, to build the EV battery plant. Each company is taking a 50% stake in the Georgia battery facility. US battery guidance might slash IRA EV Tax credits Hyundai will use the cells to produce Hyundai, Kia, and Genesis EV models within the United States.

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Rivian cuts prices on its base R1T and R1S ahead of R2 launch

Teslarati

After Rivian added two new range options for the R1T and R1S last week, the electric truck and SUV maker has also cut prices on some of its lineup. ” Rivian will build the upcoming R2 vehicles at a new, upcoming factory in Georgia , and the EV platform is expected to be a smaller, lower-cost and higher-volume build.

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